Eric W. Dolan | Raw Story
6 May 2013
New York Attorney General Eric T. Schneiderman on Monday suggested
that big banks were not afraid of skirting the law because they didn’t
believe law enforcement would target them.
But he plans to change that.
Schneiderman announced a lawsuit against Wells Fargo and Bank of America earlier in the day. He alleged the two
major banks repeatedly violated the terms of a mortgage settlement
reached by the Department of Justice, Department of Housing and Urban
Development and 49 state attorneys general last year.
“The
problem is the banks have overwhelming confidence that law enforcement
is not taking this seriously,” he told MSNBC host Chris Hayes. “They
have overwhelming confidence that whatever the rules are, they won’t be
followed up on.”
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